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TMI BlogWill attract service tax under RCM on Bonus paid to Contractor.X X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir, We are a manufacturer and we avail labor service from various labor contractor so in Diwali labor cpntractor claim the bonus for the financial year 2014-2015. My query is that is this trans ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... action attract the service taxliability under Reverse Charge Mechanism as these labor contractors are proprietor. If yes then how much % Because this bous related to 2014-15 and that time the service ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tax was (12.3%) and liable by service receiver on 75% . But at present the service tax % is 14% and liable by service receiver on 100%. On above transaction which provision will attract. Regards S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... wapneswar Muduli - Reply By Ganeshan Kalyani - The Reply = The bonus paid to the contractor will be considered under Manpower supply service and thereby falls under reverse charge. The service tax @ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 14% will be applicable. - Reply By Mahir S - The Reply = Yes sir, the views expressed above are correct. - Will attract service tax under RCM on Bonus paid to Contractor. - Query Started By: - S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... wapneswar muduli Dated:- 24-10-2015 Service Tax - Got 2 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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